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Tallahassee Home Inventory Report March 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of March 10, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale (measured in “months of supply”).

Tallahassee Real Estate Supply And Demand

Real Estate Supply And Demand Tallahassee FL

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are nearly 11 months of supply of homes on the market in Tallahassee, but the relative supply grew last month, something that normally occurs this time of year when sellers re-emerge from the holiday season and enter/re-enter the market. High levels of relative home supply will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.

Leon County Home Inventory Report
Residential Supply March 2012
For Sale Sold (Past 12 Months) Months of Supply
PRICE RANGE   All New Resale All New Resale All New Resale
Northeast Leon County (Area 1)
$0 - $75,000   13 0 13 34 0 34 4.6 No Sales 4.6
$75,000 - $100,000   40 0 40 53 0 53 9.1 No Sales 9.1
$100,000 - $125,000   40 0 40 56 0 56 8.6 No Sales 8.6
$125,000 - $150,000   77 1 76 106 2 104 8.7 6.0 8.8
$150,000 - $200,000   202 0 202 293 3 290 8.3 0.0 8.4
$200,000 - $250,000   148 14 134 198 23 175 9.0 7.3 9.2
$250,000 - $300,000   110 14 96 131 27 104 10.1 6.2 11.1
$300,000 - $500,000   176 6 170 173 12 161 12.2 6.0 12.7
$500,000 - $750,000   36 1 35 33 1 32 13.1 12.0 13.1
$750,000 +     30 2 28 10 0 10 36.0 No Sales 33.6
Totals 872 38 834 1087 68 1019 9.6 6.7 9.8
Northwest Leon County (Area 2)
$0 - $75,000   152 0 152 196 2 194 9.3 0.0 9.4
$75,000 - $100,000   125 0 125 99 0 99 15.2 No Sales 15.2
$100,000 - $125,000   80 0 80 89 0 89 10.8 No Sales 10.8
$125,000 - $150,000   84 1 83 77 3 74 13.1 4.0 13.5
$150,000 - $200,000   64 9 55 76 8 68 10.1 13.5 9.7
$200,000 - $250,000   21 1 20 23 2 21 11.0 6.0 11.4
$250,000 - $300,000   21 1 20 13 1 12 19.4 12.0 20.0
$300,000 - $500,000   17 1 16 14 1 13 14.6 12.0 14.8
$500,000 - $750,000   2 0 2 3 0 3 8.0 No Sales 8.0
$750,000 +     7 0 7 1 0 1 84.0 No Sales 84.0
Totals 573 13 560 591 17 574 11.6 9.2 11.7
SouthEast Leon County (Area 3)
$0 - $75,000   75 0 75 98 0 98 9.2 No Sales 9.2
$75,000 - $100,000   57 0 57 36 0 36 19.0 No Sales 19.0
$100,000 - $125,000   39 0 39 51 4 47 9.2 0.0 10.0
$125,000 - $150,000   46 3 43 40 6 34 13.8 6.0 15.2
$150,000 - $200,000   42 1 41 44 0 44 11.5 No Sales 11.2
$200,000 - $250,000   21 2 19 27 3 24 9.3 8.0 9.5
$250,000 - $300,000   25 5 20 27 12 15 11.1 5.0 16.0
$300,000 - $500,000   28 1 27 31 12 19 10.8 1.0 17.1
$500,000 - $750,000   6 0 6 7 1 6 10.3 0.0 12.0
$750,000 +     4 0 4 2 0 2 24.0 No Sales 24.0
Totals 343 12 331 363 38 325 11.3 3.8 12.2
Southwest Leon County (Area 4)
$0 - $75,000   60 0 60 88 0 88 8.2 No Sales 8.2
$75,000 - $100,000   58 8 50 27 3 24 25.8 32.0 25.0
$100,000 - $125,000   26 0 26 7 3 4 44.6 0.0 78.0
$125,000 - $150,000   12 0 12 8 2 6 18.0 0.0 24.0
$150,000 - $200,000   25 2 23 10 1 9 30.0 24.0 30.7
$200,000 - $250,000   3 0 3 1 0 1 36.0 No Sales 36.0
$250,000 - $300,000   8 0 8 2 0 2 48.0 No Sales 48.0
$300,000 - $500,000   6 0 6 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000   1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 200 10 190 143 9 134 16.8 13.3 17.0
All Area Totals 1,988 73 1,915 2,184 132 2,052 10.9 6.6 11.2

If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month. * Residential Properties including single family detached homes, condos, and townhouses ** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS)

*** Download a copy of this in .pdf format: Tallahassee Home Inventory Report March 2012

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